The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.
Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
French hospitality giant confident about region’s outlook and identifies eight key tech areas
The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.
Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.
The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.
The firm is currently earmarking the U.S. dollar-denominated sukuk to price in the area of the very low 200s in terms of basis points over midswaps, a document showed.
The first café will open in the UAE before November 2015, the company said in a statement.
Almost 50 per cent of the households in Dubai earn between Dhs9,000 to Dhs15,000 per month and can only afford rents ranging from Dhs32,500 to Dhs54,000 per annum, a new study says.
Under the current 2014 contact, Tasweeq supplies three cargoes a month to the UAE.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
The Yas Marina Circuit has allocated 60,000 seats for this year’s F1 race, taking place between November 20-23.
The retail group will open 42 brands in Yas Mall, including the UAE’s first Pottery Barn Teen and Icing store.
Daman will sell new shares equivalent to 55 per cent of the firm to the public.
The new committee will oversee the UAE’s aim to feature among the most innovative nations in the world by 2021.
Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January.
Called Beehive, the marketplace claims to be the region’s first peer-to-peer (P2P) online lending platform.
In-demand chef plans to launch new Asian and Bar & Grill concepts next year
Work on the plant has already begun and is scheduled to be completed by the fourth quarter of 2015, the company said.
A booming population, growing prevalence of lifestyle diseases and mandatory health insurance policies are fuelling the growth of private sector firms in the emirate’s healthcare industry.
The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.
The iPhone 5s also registered the largest increase in its market share during the second quarter, the UAE’s telecom regulator said in its quarterly report.
The freezone operator also plans to launch a start-up fund by the second quarter of 2015.
ADCB launched a representative office in London five months ago, and has two branches in India.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The financial institution and its ME unit were found to have mis-sold $200 million of investment products, a Dubai court ruled.
Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.